Credit Card And Medical Debt Can Be Eliminated
Debt reduction is a big question on the minds of many in this economy. Those who ask if filing bankruptcy will allow them to discharge their credit card and medical debt are often happy with the answer. However, filing for bankruptcy is not a solution for everyone. Attorney Robert L. Caplan can help you see if it is the right legal option for you under your circumstances.
Getting Rid Of Your Credit Card And Medical Debt Through Bankruptcy
Individuals struggling with thousands of dollars of credit card bills and medical expenses are able to discharge this type of debt through the Ohio bankruptcy process.
In Chapter 7 bankruptcy, all dischargeable debt – such as credit card and medical bills, mortgage loans and other personal debt – is wiped free, allowing you a fresh financial start.
Chapter 13 bankruptcy is a little different in that you follow a reorganized debt repayment plan that often results in you paying just a small percentage of the debt you owe. The remaining credit card bills and medical expenses you have been paying on throughout the plan can be discharged at the conclusion of the Chapter 13 bankruptcy.
While you can discharge credit card and medical debt in both Chapter 7 and 13 bankruptcy, there are a few exceptions involving the value of certain items you have purchased and how long ago they were purchased before you filed bankruptcy.
In the event that you have credit card debt from recent large purchases within 90 days of filing bankruptcy, you might only have to pay back a portion of the debt while older debt is discharged. Similarly, you may only have to pay the current value of big ticket items like electronics and appliances, not the original amount at the time of the purchase.
These situations are dependent on many factors, however, which is why it is important to consult with a lawyer who understands the bankruptcy process and can explain to you how the laws will be applied to your case.
Founder and Columbus credit card relief lawyer Robert L. Caplan has spent the last three decades helping his clients get rid of credit card and medical debt through the U.S. Bankruptcy Code. He knows that every client has a unique financial situation. He is determined to help you find the best debt relief option for your circumstances.
Contact A Reynoldsburg Medical Debt Relief Lawyer Today
Contact Robert L. Caplan Attorney at Law at 614-252-2026 to schedule a free, initial consultation regarding your debt relief options today. His law office is open weekdays between 9 a.m. and 5 p.m., evening and weekend appointments by request and accepts all major credit cards. Payment plans are also available.
Robert L. Caplan is a debt relief agent. He helps people file for bankruptcy relief under the Bankruptcy Code.